Trexquant Investment LP Sells 20,991 Shares of Franklin Covey Company $FC

Key Points

• Trexquant Investment LP sold 38.6% of its stake in Franklin Covey Company, reducing its ownership to approximately 0.26% worth $923,000.
• Franklin Covey's stock had a recent average price target by analysts of $27.00, despite Barrington Research lowering their target from $35.00.
• The company reported earnings of $0.18 per share, surpassing estimates, but showed a decline from $0.46 EPS in the same period last year.

Trexquant Investment LP trimmed its holdings in shares of Franklin Covey Company (NYSE:FC - Free Report) by 38.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,428 shares of the business services provider's stock after selling 20,991 shares during the quarter. Trexquant Investment LP owned 0.26% of Franklin Covey worth $923,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Royce & Associates LP raised its position in shares of Franklin Covey by 564.6% during the 1st quarter. Royce & Associates LP now owns 935,669 shares of the business services provider's stock valued at $25,843,000 after buying an additional 794,876 shares in the last quarter. Herald Investment Management Ltd raised its position in shares of Franklin Covey by 9.4% during the 1st quarter. Herald Investment Management Ltd now owns 175,000 shares of the business services provider's stock valued at $4,814,000 after buying an additional 15,000 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Franklin Covey by 3,724.8% during the 1st quarter. Russell Investments Group Ltd. now owns 156,127 shares of the business services provider's stock valued at $4,312,000 after buying an additional 152,045 shares in the last quarter. Northern Trust Corp raised its position in shares of Franklin Covey by 10.3% during the 4th quarter. Northern Trust Corp now owns 120,665 shares of the business services provider's stock valued at $4,535,000 after buying an additional 11,266 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its position in shares of Franklin Covey by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 95,542 shares of the business services provider's stock valued at $3,590,000 after buying an additional 918 shares in the last quarter. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Covey Trading Down 2.4%

FC stock traded down $0.48 during mid-day trading on Friday, reaching $19.02. The company had a trading volume of 65,557 shares, compared to its average volume of 139,709. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.81. The company has a market capitalization of $240.35 million, a PE ratio of 24.07, a price-to-earnings-growth ratio of 1.22 and a beta of 0.89. The firm has a 50 day moving average of $19.62 and a 200 day moving average of $22.56. Franklin Covey Company has a 12 month low of $18.13 and a 12 month high of $44.16.

Franklin Covey (NYSE:FC - Get Free Report) last issued its earnings results on Wednesday, July 2nd. The business services provider reported $0.18 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.26. The business had revenue of $67.12 million for the quarter, compared to the consensus estimate of $67.49 million. Franklin Covey had a net margin of 3.81% and a return on equity of 19.08%. During the same period in the prior year, the firm earned $0.46 EPS. Franklin Covey has set its FY 2025 guidance at EPS. On average, equities analysts predict that Franklin Covey Company will post 0.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FC shares. Barrington Research decreased their target price on shares of Franklin Covey from $35.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 19th. Roth Capital decreased their target price on shares of Franklin Covey from $30.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, July 7th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Franklin Covey presently has a consensus rating of "Buy" and an average price target of $27.00.

Franklin Covey Company Profile

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.